This property looks like a bad Long-Term investment with a projected -15.07% first-year return on $75,705 initial cash invested.
-15.07%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$2,371
Rent
-$951
Cashflow
Cash Flow
$2,371 income − $3,322 expenses = $951 out of pocket
Investment Breakdown
|
Purchase Price
$361k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,705
Downpayment
20%
$72,100
Closing costs
1%
$3,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,371
Total Expenses
$3,322
Mortgage P&I
85%
$2,012
Property Taxes
17%
$410
Home Insurance
5%
$128
HOA
7%
$155
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0